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    457 S Desplaines St Joliet, IL 60436

    Pending
    For Sale
    $169,900

    Residential Income, Bungalow,Ranch - Joliet, IL

    Days on Market:
    16
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 457 S Desplaines St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    3007164100220000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1890
    Roof type
    Asphalt
    Architectural style
    Bungalow

    Carter Realty Group (815) 370-9358 [email protected]

    Listing agent Carmen Carter (815) 582-3953 License #471011902

    Listing date Nov 20, 2025

    MLS# 12484822 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Joliet Multi-Unit Investment Opportunity

    This all-brick, two-unit property in Joliet, Illinois, presents an investment opportunity for both investors and owner-occupants. The building contains one two-bedroom unit and one three-bedroom unit, each with its own basement. The front unit also includes a sub-basement. One unit is currently tenant-occupied on a month-to-month lease. The property includes a detached 2.5-car garage and a fenced yard. Utilities are separated for gas and electric, with shared water. Located near schools, parks, and public transportation, the property offers convenient access to local amenities. The property is being sold AS-IS. With updates, this property has the potential to generate income. Housing Authority rents for the 60436 zip code are $1,826 for a two-bedroom unit and $2,343 for a three-bedroom unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0856854
    Latitude
    41.5150108

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with income potential near schools and transportation.
    Where is this duplex located?
    The property is located at 457 S Desplaines St Joliet, IL.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Strong rental income potential, supported by Housing Authority rents of $1,826 (2-bedroom) and $2,343 (3-bedroom) in the area.; - Two units: one 2-bedroom and one 3-bedroom, offering diverse rental options or owner-occupancy potential.; - All-brick construction, providing durability and classic appeal.
    (815) 582-3953
    Request Owner's contact information
    457 S Desplaines St Joliet, IL 60436
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    Joliet, IL 60436
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    457 S Desplaines St Joliet, IL 60436
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